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Insurer Sees Strong Final Expense Life Demand

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A unit of Forethought Financial Services Inc. says consumers seem to be hungry for whole life insurance policies that can be used to pay for funerals and other final expenses.

Forethought Life Insurance Company, Batesville, Ind., says its ForeLife final expense whole life product has generated about $2 million in annualized premium during the first 6 months that it has been on the market.

The product provides access to a funeral planning network and funeral counselors with hospice training as well as insurance benefits.

Forethought is distributing the policy through a network of 2,200 active agents.